Can I retire at age 73 with 799,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$65,981$65,393$64,820$64,260$63,713$62,684
2 years$32,664$32,055$31,466$30,894$30,340$29,305
3 years$21,559$20,949$20,360$19,794$19,249$18,242
4 years$16,008$15,399$14,817$14,261$13,728$12,756
5 years$12,679$12,073$11,499$10,954$10,436$9,502
6 years$10,460$9,859$9,293$8,760$8,258$7,362
7 years$8,875$8,279$7,722$7,202$6,716$5,860
8 years$7,687$7,097$6,549$6,041$5,571$4,754
9 years$6,764$6,179$5,641$5,146$4,692$3,914
10 years$6,026$5,447$4,918$4,436$3,998$3,257
11 years$5,422$4,849$4,329$3,860$3,438$2,735
12 years$4,919$4,352$3,842$3,386$2,979$2,313
13 years$4,494$3,933$3,433$2,989$2,598$1,967
14 years$4,131$3,575$3,084$2,654$2,278$1,680
15 years$3,815$3,266$2,785$2,367$2,005$1,441
16 years$3,540$2,996$2,525$2,119$1,772$1,241
17 years$3,297$2,759$2,298$1,904$1,571$1,071
18 years$3,081$2,550$2,097$1,716$1,397$926
19 years$2,889$2,363$1,920$1,550$1,245$803
20 years$2,716$2,196$1,762$1,404$1,112$697
21 years$2,559$2,045$1,621$1,274$995$606
22 years$2,417$1,909$1,494$1,159$892$527
23 years$2,287$1,786$1,379$1,055$801$460
24 years$2,169$1,673$1,276$962$720$401
25 years$2,060$1,570$1,181$879$648$350
26 years$1,960$1,476$1,096$804$584$306
27 years$1,867$1,389$1,017$736$526$267
28 years$1,781$1,309$946$674$475$234
29 years$1,701$1,235$880$618$429$205
30 years$1,626$1,166$820$567$387$179
31 years$1,557$1,102$764$521$350$157
32 years$1,492$1,043$713$479$317$137
33 years$1,431$988$666$440$287$120
34 years$1,374$936$622$405$260$106
35 years$1,320$888$582$373$235$93
36 years$1,269$843$544$343$213$81
37 years$1,221$800$509$316$193$71
38 years$1,176$761$477$292$175$62
39 years$1,133$723$447$269$159$55
40 years$1,092$688$419$248$144$48
41 years$1,054$655$393$229$131$42
42 years$1,017$624$368$211$119$37
43 years$982$594$346$195$108$32
44 years$949$567$324$180$98$28
45 years$918$540$305$166$89$25
46 years$888$515$286$154$80$22
47 years$859$492$269$142$73$19
48 years$831$470$253$131$66$17
49 years$805$448$237$121$60$15
50 years$780$428$223$112$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $799,000, adding $2,328 every year, while hoping to spend $57,996 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 52/38/10 Blend
72$799,000$799,000$799,000$799,000
73$882,899$840,552$828,168$926,409
74$911,248$820,032$794,204$935,772
75$940,544$796,563$757,159$939,522
76$970,823$769,938$716,868$942,246
77$1,002,123$739,941$673,158$943,863
78$1,034,482$706,340$625,852$944,283
79$1,067,941$668,893$574,760$943,414
80$1,102,543$627,341$519,686$941,157
81$1,138,333$581,411$460,426$937,409
82$1,175,359$530,816$396,766$932,060
83$1,213,670$475,251$328,483$924,994
84$1,253,320$414,393$255,342$916,089
85$1,294,363$347,902$177,100$905,216
86$1,336,858$275,420$93,503$892,240
87$1,380,867$196,565$4,286$877,017
88$1,426,457$110,938$0$859,397
89$1,473,696$18,115$0$848,923
90$1,522,658$0$0$836,844
91$1,573,422$0$0$856,996
92$1,626,070$0$0$885,760
93$1,680,692$0$0$915,609
94$1,737,380$0$0$946,598
95$1,796,237$0$0$978,782
96$1,857,369$0$0$1,012,222
97$1,920,891$0$0$1,046,980
98$1,986,925$0$0$1,083,127
99$2,055,603$0$0$1,120,735
100$2,127,065$0$0$1,159,884